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Mortgage Affordability. Paul will be able to save $213 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances
Mortgage Affordability.Paul will be able to save $213 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $74.000 home, after making a $14.800 down payment, (amount to finance $59.200) at a rate of 6% over 30 years, what are his resulting monthly mortgagepayments? Can he afford the mortgage?
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